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Dec 4, 2012
12/12
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this exacts the economy. the uncertainty is creating havoc with our economy and our states. >> well, the bipartisan delegation of governors wrapped up their meetings at the white house a few hourgz ago a. they plan to meet with republican leaders this afternoon and have made one thing clear. they're not taking sides in this one. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan but rather to point out as gary mentioned as governors we think it's important we have a seat at the table. >> joining us now is two governors that attended that meeting, chairman of the national governors association jack merkel as well as oklahoma's republican governor the group's vice chair. thaw for joining us. governor fallon, i'll start off with you. we heard scott walker in there. why not take a side here? >> well, we have 50 different states. we have governors that have different political philosophies. what we're trying to find is common ground, some collaboration between the national governo
this exacts the economy. the uncertainty is creating havoc with our economy and our states. >> well, the bipartisan delegation of governors wrapped up their meetings at the white house a few hourgz ago a. they plan to meet with republican leaders this afternoon and have made one thing clear. they're not taking sides in this one. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan but rather to point out as gary mentioned as governors we think it's...
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Nov 29, 2012
11/12
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CNNW
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listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked t
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to...
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Nov 29, 2012
11/12
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FBC
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is heading more and more toward sort of european socialist style economy. now, the european social model has been a failure in europe. no reason to believe it will succeed in the united states. and as margaret thatcher pointed out many years ago, the problem with socialist governments is that eventually they run out of other people's money to spend, and that is what is happening here in the united states. a poll came out today showing that 45 percent of democrats look favorably upon socialism which is a deeply worrying development. fortunately most americans -- gerri: did you say 45? gerri: 45? >> 45 percent of democrats according to a rasmussen poll published earlier today. fortunately the overall majority still believe in a capitalist free enterprise system, so there is still. gerri: the problem with what is being talked about, what is on the table is that it changes so dramatically. individuals, business operators. it -- one each address this directly. wealthy people will never change the way live. it won't change and they spend, how they invest. just be
is heading more and more toward sort of european socialist style economy. now, the european social model has been a failure in europe. no reason to believe it will succeed in the united states. and as margaret thatcher pointed out many years ago, the problem with socialist governments is that eventually they run out of other people's money to spend, and that is what is happening here in the united states. a poll came out today showing that 45 percent of democrats look favorably upon socialism...
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Dec 7, 2012
12/12
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>> what does it do for the economy? >> governor snyder thinks it will bring jobs to michigan and i think strong labor unions do not bring jobs to a state, they send jobs out of a state. >> is that true? >> the governor said that's one reason they did that is indiana passed right to work and 90 companies are going down there to safe thousands of jobs. >> i think you see individual states competing on this base. that is the big appeal. i think the more states that do it, the more -- the fewer fertile grounds there might be to grow those jobs. this is a race that goes on to try to be as business competitive as you can be. >> and unions are shrinking. as governors said, under 18% of michigan's workforce is unionized. >> panel, thank you. why did the state of new jersey bulldoze one man's home without telling him? the outraged homeowner will tell you next. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it
>> what does it do for the economy? >> governor snyder thinks it will bring jobs to michigan and i think strong labor unions do not bring jobs to a state, they send jobs out of a state. >> is that true? >> the governor said that's one reason they did that is indiana passed right to work and 90 companies are going down there to safe thousands of jobs. >> i think you see individual states competing on this base. that is the big appeal. i think the more states that do...
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Dec 7, 2012
12/12
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CNNW
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it would slow down the economy. >> when you look at economist's evaluations, it would slouw dow the economy. it would. there's no question about it. but if the problem is that we have a lot of debt and there has to be some pain whether it be in cuts or the form of higher tax revenues, it means there has to be some pain. $2.8 trillion. that's 17% of our debt wiped out overnight. if you're worried about the debt, how can't you look at that seriously? >> well, the reason i would say it's not going to be 17% of our debt on that because right now, we're running a trillion dollar deficit year single year. if we went back to zero, we're rebalanced. right now with the fourth year in a row, that deficit and debt continues to climb. so it doesn't really wipe it out and the challenge of it is what does that do to the overall economy. we're not just dealing with one tax increase as well. a lot of people lose track of that. the affordable care about actually begin on january 1st as well for people making $200,000 or more. or people having large medical bills. this is talking about an additional tax incr
it would slow down the economy. >> when you look at economist's evaluations, it would slouw dow the economy. it would. there's no question about it. but if the problem is that we have a lot of debt and there has to be some pain whether it be in cuts or the form of higher tax revenues, it means there has to be some pain. $2.8 trillion. that's 17% of our debt wiped out overnight. if you're worried about the debt, how can't you look at that seriously? >> well, the reason i would say...
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Dec 1, 2012
12/12
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that could push the economy into a recession, raising the unemployment rate and that could push home values back down, wolf. >> a serious problem for a lot of people. let's hope we don't go over that fiscal cliff. >> fingers crossed they will reach a compromise. i don't think there's anyone out there that wants to see us go over that fiscal cliff. >> that would be bad. but the clock is ticking. only a few weeks left. >>> the biggest problem between the united states and mexico and how to solve it. i'll speak with mexico's new president. my exclusive interview is just ahead. this line is a convenienc. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically desig
that could push the economy into a recession, raising the unemployment rate and that could push home values back down, wolf. >> a serious problem for a lot of people. let's hope we don't go over that fiscal cliff. >> fingers crossed they will reach a compromise. i don't think there's anyone out there that wants to see us go over that fiscal cliff. >> that would be bad. but the clock is ticking. only a few weeks left. >>> the biggest problem between the united states...
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Dec 6, 2012
12/12
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the economy is going to be a disaster. it's only going to get worse under obama. republicans are totally over the barrel because all tax cuts, bush tax cuts expire unless they agree to what is being portrayed as tax cuts for the rich. >> sean: boom. >> of course, let me finish the three points. it's not the rich. it's people who are currently engaged in making money or tax breaks as they say. for the rich i'd be more in favor of tax hikes on the rich. that's warren buffett and john kerry and diane feinstein. this is a tax on people desperately trying to become rich but the truly wish don't want them to. finally, the most important point is in two years we've got to take back the senate. >> sean: i don't want to talk about the election. >> the republicans need to concentrate on making sure this economy gets blamed on obama. there are things they can do like propose tax cuts or rather tax hikes for the truly rich, ie, warren buffett. no more state and low tax deductions. cut out that hollywood foin accounting. let's go after the 1% of the 1%. forget the 1% of income
the economy is going to be a disaster. it's only going to get worse under obama. republicans are totally over the barrel because all tax cuts, bush tax cuts expire unless they agree to what is being portrayed as tax cuts for the rich. >> sean: boom. >> of course, let me finish the three points. it's not the rich. it's people who are currently engaged in making money or tax breaks as they say. for the rich i'd be more in favor of tax hikes on the rich. that's warren buffett and john...
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Dec 7, 2012
12/12
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economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see people work. and try to get jobs. it is critical. >>shepard: what impact did super storm sandy? >>gerri: not so much. however, there were a million people that were working part time rather than full time and that is ascribed to hurricane sandy. normally you do not expect that. >>shepard: the matters went, so what. >>gerri: well, they saw that the 350,000 number and they thought they didn't like that and the market pulled back a little. we have had back-and-forth situation on that, starting off 74 up on the dow and now we are down. >>shepard: better than negative. >>gerri: better than negat
economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see...
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Dec 5, 2012
12/12
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CNNW
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economy and if the u.s. economy slows down, dramatically, that spreads like wildfire across the rest of the world. so it's not a couple hundred thousand jobs in the u.s. we're talking about tens of millions of jobs around the world and in an unstable world, i think we have to look beyond -- beyond ideology and get to a solution. >> i would take the clinton tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it.
economy and if the u.s. economy slows down, dramatically, that spreads like wildfire across the rest of the world. so it's not a couple hundred thousand jobs in the u.s. we're talking about tens of millions of jobs around the world and in an unstable world, i think we have to look beyond -- beyond ideology and get to a solution. >> i would take the clinton tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to...
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they chose in a weak economy in 2010 not to do that because they knew that would hurt the economy. quite frankly, we have the same economy now that we had two years ago. consumer confidence is up, but total gdp growth has done down the last two years slightly but continuing to go down. we're not in a better spot right now to raise taxes like two years ago. >> tom coburn is talking about getting the rates up for the top 2%. here he is on abc news. just want to play it. >> okay. >> sorry. i'll read it to you. it's a graphic. we have no leverage on that, so whether we want taxes to go up or not, they're going to. we can't stop it from happening. the real elephant in the room is entitlements. taxes go up at the beginning of the year if you don't do a deal. the only deal is have them go up on fewer people than they otherwise would. that seems to be something that a republican would -- you don't have a lot of leverage? >> that's the challenge dealing with democrats like howard dean and others that say let's raise it on everybody. that creates this situation where we haves in a bad idea.
they chose in a weak economy in 2010 not to do that because they knew that would hurt the economy. quite frankly, we have the same economy now that we had two years ago. consumer confidence is up, but total gdp growth has done down the last two years slightly but continuing to go down. we're not in a better spot right now to raise taxes like two years ago. >> tom coburn is talking about getting the rates up for the top 2%. here he is on abc news. just want to play it. >> okay....
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Nov 30, 2012
11/12
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FBC
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great stable economies with good financials. emerging companies have much better looking balance sheets. fax has a great track record over any three-year period. they have never lost money but we do like to buy them when they have a good, the price is at a good discount to nav. it happens now and then. happened couple weeks ago on november 14th. it was a great dip, a great buying opportunity. we wait. we're picky when we come in. we're waiting for another opportunity. david: we're almost out of time. i want to get your second pick, corporate bond fund lqd. why do you like them quickly. >> again governments don't look nearly as good as corporations. corporations have record levels of cash and really healthy balance sheets and looking to pay off great income. david: lenore hawkins, emeritus advisors, have a wonderful weekend. >> you too. thanks for having me. david: liz? liz: could americans be facing a fiscal food cliff at the supermarket. listen, there are all kinds of tentacles on this story. jeff flock is in woodstock, illinoi
great stable economies with good financials. emerging companies have much better looking balance sheets. fax has a great track record over any three-year period. they have never lost money but we do like to buy them when they have a good, the price is at a good discount to nav. it happens now and then. happened couple weeks ago on november 14th. it was a great dip, a great buying opportunity. we wait. we're picky when we come in. we're waiting for another opportunity. david: we're almost out of...
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Nov 29, 2012
11/12
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KPIX
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that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit reduction in a fair and balanced, responsible way are going to be a whole lot easier. >> reporter: white house officials say mr. obama is not interested in personally meeting with congressional republicans because those meetings did little to resolve the 2010 debt ceiling crisis. but when mr. obama later skipped congressional meetings and campaigned to extend the 2% payroll tax cut and maintain lower student loan interest rates, he won. the president is primarily focused on step one of this process-- winning the middle class tax cut debate. step two is being led by his treasury secretary jim geithner and liaison rob nabors. they are going to work with congress on spending cut and other fiscal cliff details. the first meeting will be tomorrow on the hill. >> pelley: major, president said today he thought all this could be done by christmas. why does he think so? >> reporter: because that is the big t
that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit reduction in a fair and balanced, responsible way are going to be a whole lot easier. >> reporter: white house officials say mr. obama is not interested in personally meeting with congressional republicans because those meetings did little to resolve the 2010 debt ceiling crisis. but when mr. obama later skipped congressional...
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Dec 3, 2012
12/12
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MSNBCW
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the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do willingly, make dramatic changes in taxes and spending. if those changes happen automatically, the cbo estimates it would have a positive long-term impact. by comparison, it says current law is kept in place, output and income would be lower down the road. so here is another way to look at it. fast forward to budget projections. keeping tax cuts in place, extending most tax provisions and putting off spending cuts would put revenue in 2020 at 4dz.2 trillion. spending at $5.3 trillion. the national debt is projected to be near $20 trillion by then. $3
the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do...
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Dec 4, 2012
12/12
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FOXNEWSW
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they say the strike impact is winding and it's costing the national economy billions of dollars. once again, a lot of estimates here say we are talking about $1 billion a day being lost. we are talking about truckers and people not going to work each day as this continues. we are told almost everything has been agreed upon but the one pain issue which is the issue about whether jobs should be kept here when someone retires or whether they can be added someplace else. megyn: growing international concerns over a report that syria is readying deadly and widely banned chemical weapons for combat use. we'll talk about what those chemicals are, what they can do and why america and the world is so worried about this. we are getting a look at george zimmerman's bloody face the night he shot and killed trayvon martin. why didn't the defense get this picture earlier? a new report suggests president reagan's shining city on the hill may be a thing of the past. a look at how america has gone from number one to number 16 on the best places to be born list. and how our government policies may
they say the strike impact is winding and it's costing the national economy billions of dollars. once again, a lot of estimates here say we are talking about $1 billion a day being lost. we are talking about truckers and people not going to work each day as this continues. we are told almost everything has been agreed upon but the one pain issue which is the issue about whether jobs should be kept here when someone retires or whether they can be added someplace else. megyn: growing...
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Dec 6, 2012
12/12
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CNBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses welcome to the world leader in derivatives. welcome to superderivatives. >>> we already bailed out a couple of its auto companies, but now should the federal government bail out the entire city of detroit? incredibly, some say yes. ahead of president obama's visit to detroit monday, that will be his first in nearly eight months, detroit councilwoman e joe -- joanne watson thinks so. >> our people overwhelmingly supported president obama and quid pro quo. >> joining me is doc thompson of talk radio 1270 wxyt. doc, welcome. let me start without this thought. if you have a federal bailout of detroit, doesn't that mean that citizens, taxpayers of texas, let's say, would
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses welcome to the world leader in derivatives. welcome to superderivatives. >>> we already bailed...
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Dec 7, 2012
12/12
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MSNBCW
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eye 139
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you want to make sure the debt is not growing faster than the economy. that's going to take $4 trillion in savings. you need all parts on the table and constructed in a thoughtful way so that revenues are raised in ways that are good for the economy as possible, and that when we're looking at the spending in the budget, we reform our entitlement programs and reduce spending in way that's thoughtful and good for the economy. it's going to take a lot to get there, but i actually think most of the policy ideas are well known and we're now in this political negotiation where i think there's a lot of support for having them, if they're going to go through all this, have a deal big enough to fix the problem. >> what do you say, two things, first of all, it to those who say that the economy is still sputtering along, weakness in the manufacturing sector, for instance, that this isn't the right time for dramatic cuts and secondly, that the debt ceiling deal will not be averted because the republicans have said that is a nonstarter. this could be a negotiating po
you want to make sure the debt is not growing faster than the economy. that's going to take $4 trillion in savings. you need all parts on the table and constructed in a thoughtful way so that revenues are raised in ways that are good for the economy as possible, and that when we're looking at the spending in the budget, we reform our entitlement programs and reduce spending in way that's thoughtful and good for the economy. it's going to take a lot to get there, but i actually think most of the...
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Dec 3, 2012
12/12
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MSNBCW
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look we hope and pray this economy is getting better, the job situation is getting better, there are millions of people on food stamps that were solidly middle class in the past and it's looking better and i hope and pray that congress reaches bipartisan compromise. don't send us over the fiscal cliff. do the right thing. be statesmen. reach a compromise. >> politico put some meal suggestions. this gives a perspective. for this food stamp budget you can get one sandwich two two slices of store brand bread. two slices of cheese. that's $1.24. another option is seven ounz frozen fried fish plank. what's your reaction was when you did this from your constituents and what purpose does it serve for somebody like you or cory booker to do this? >> i got a lot of kudos for doing it. i admire mayor booker for taking on this challenge. don't give us too many can you dose. we only did it for a week. there are a lot of false stereotypes about people living in food stamps. that's not fair. that's not my experience. these are hard-working people. they don't want to be on food stamps. they want to
look we hope and pray this economy is getting better, the job situation is getting better, there are millions of people on food stamps that were solidly middle class in the past and it's looking better and i hope and pray that congress reaches bipartisan compromise. don't send us over the fiscal cliff. do the right thing. be statesmen. reach a compromise. >> politico put some meal suggestions. this gives a perspective. for this food stamp budget you can get one sandwich two two slices of...
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Nov 29, 2012
11/12
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FOXNEWSW
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eye 183
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well, the economy is worse now than it was then. frankly, if you look at the dynamic shift in demographics our entitlements are growing at a time when our working population is decreasing. the only answer to all these problems is sustained economic growth. it's the economy, stupid. megyn: what if the republicans say we agree, raise the taxes on the rich. and then what would happen? then what they would be debating about when that most likely didn't fix the problem, quick last word. >> it's a terrible position for the republicans to be in. their only negotiating coin right now. and to give in without doing something to figure out these entitlement program would be a disaster for the republican party. megyn: michael, thanks. coming up, a provocative column in the "wall street journal" on race in america. megyn: the teacher's union in buffalo, new york attracted national attention when we learned their contract benefits include coverage for taxpayer turned plastic surgeries. the issue came up again and trace gallagher picks up our stor
well, the economy is worse now than it was then. frankly, if you look at the dynamic shift in demographics our entitlements are growing at a time when our working population is decreasing. the only answer to all these problems is sustained economic growth. it's the economy, stupid. megyn: what if the republicans say we agree, raise the taxes on the rich. and then what would happen? then what they would be debating about when that most likely didn't fix the problem, quick last word. >>...
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Dec 5, 2012
12/12
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CNBC
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when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we need premarket capitalism. not a union hold up. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer look... ...at the best schools in the world... .
when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we need premarket capitalism. not a union hold up. [ male announcer ]...
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Dec 6, 2012
12/12
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CNNW
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. relieves nasal congestion. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 pe
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. relieves nasal congestion. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight,...
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Dec 3, 2012
12/12
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FOXNEWSW
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this could have a mammoth effect on this economy. we are talking about tax levels and also significant pressure on the gdp of this country, the growth rate. and some are saying, it would be a negative to drive the economy into negative territory. megyn: is this something for which he would require congressional approval? >> he would have to have congressional approval. lou: how far he has gone, in the first quarter alone, this year and the cool missions dropped by 15%. not because of regulation, which he is pursuing and has made clear he will pursue vigorously, but because the coal industry is converting to lower priced natural gas. the marketplace is working. this president does not want everyone to focus on is the reality that 85% of our energy in this country is fossil fuel based. megyn: if you look at the latest polls, it was may of 2011, a portion of americans who believe change will affect them a great deal or moderate amount is up 42%. that is up. they believe that this will hurt you two generations. the american public seems
this could have a mammoth effect on this economy. we are talking about tax levels and also significant pressure on the gdp of this country, the growth rate. and some are saying, it would be a negative to drive the economy into negative territory. megyn: is this something for which he would require congressional approval? >> he would have to have congressional approval. lou: how far he has gone, in the first quarter alone, this year and the cool missions dropped by 15%. not because of...
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it could be damage for economy struggling to recover. takes us further down the road for what i think is the news of the day. argument over the debt ceiling today. that is one point of the republican lench in the dole. some machiavellian misstep made. he wanted the democrats to be embarrassed. and have to force a vote and propose it. reed said go ahead. put them in position to filibuster. to speak to the judge's point, if people stand here and simply say no to the idea of raising the tax rates on the republican side, it will damage the republican brand. the republicans have to get the best possible deal. in the spirit of the president's problem and he was intent on spending. not on cutting spending. but on taxes. that is how you use the president's position against him. to say no goes to bevy of polls that show republicans have the lion's share. >> bret: isn't that fair to say the president hasn't poe cussed at owl on cutting spending? the white house says they agreed to a $1 trillion in discretionary spending cuts. proposal to achieve $
it could be damage for economy struggling to recover. takes us further down the road for what i think is the news of the day. argument over the debt ceiling today. that is one point of the republican lench in the dole. some machiavellian misstep made. he wanted the democrats to be embarrassed. and have to force a vote and propose it. reed said go ahead. put them in position to filibuster. to speak to the judge's point, if people stand here and simply say no to the idea of raising the tax rates...
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Dec 5, 2012
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the conditions have changed, the economy has changed, i think the outlook in the picture has changed. that's part of the reason the president is so firm about not going back to the debt ceiling conversation again and creating that level of instability and not bending on this issue of raisings the rates on the top 2%. >> yeah. i think -- >> go ahead. >> it's an important point. i think the american people are seeing that the president has already agreed to more than a year ago to that $1 trillion of cuts. that was 100% in cuts as part of the budget control act and he's always said we need a balanced approach. we can't do it through cuts alone. he has proposed additional cuts as part of the process but you need to have that revenue component to have the balanced approach. he has been insistent that we help our infrastructure and help the things that move the economy forward and it's interesting that republicans are so focused on this bonus tax break for 3 million americans but they have opposed or certainly been silent on the idea of extending for one year the payroll tax cut that benef
the conditions have changed, the economy has changed, i think the outlook in the picture has changed. that's part of the reason the president is so firm about not going back to the debt ceiling conversation again and creating that level of instability and not bending on this issue of raisings the rates on the top 2%. >> yeah. i think -- >> go ahead. >> it's an important point. i think the american people are seeing that the president has already agreed to more than a year ago...
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Dec 7, 2012
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this economy wants to take off again. what's holding it back right now is the political uncertainty about whether we're going to go over the cliff and each day that clicks off, we are holding back retail sales during the christmas season and that's just crazy. >> senator, on entitlements, the other side of the equation here if the tax rates have gotten what the president wants, which is a raise to 39.6%. the three national unions have that come out with an ad campaign are targeting two senators. you are one of them. as well as two republican congressman as well. they are saying don't touch social security or medicare or other entitlements. would you be open to touching them in a deal? >> interest groups have every right to advocate but we've seen the lack of power that some of the negative attacks that were spent against a lot of candidates. i think medicare is a great program. it needs to be protected. but anyone that denies the math around these programs is just disconnected to reality. the fact is, when i was a kid, th
this economy wants to take off again. what's holding it back right now is the political uncertainty about whether we're going to go over the cliff and each day that clicks off, we are holding back retail sales during the christmas season and that's just crazy. >> senator, on entitlements, the other side of the equation here if the tax rates have gotten what the president wants, which is a raise to 39.6%. the three national unions have that come out with an ad campaign are targeting two...
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i think, also, yes, we're a vibrant economy. we certainly are a strong economy. i think it's really unsustainable, the level of debt that we have in this country. we have $1 trillion in debt. i heard an incredibly succinct way of describing this. rick santelli actually said it this morning about how you can't say you're cutting $800 billion when really $80 billion is really from wars that are just going away. that's not really a cut. that's taking away the addition. i think you need to be pretty conservative. i think there's going to be a rally here year end, but you have to buy conservative cash flow and look overseas. i just don't think things are as rosy as everybody thinks. >> yeah, it's a goods point. i know a couple more people who agree with you on that. let me ask you this, michael. apple, stock was under pressure. it's been in a real free fall lately after hitting the highs of the year. what do you want to do with apple here? >> now i'm going to get optimistic, maria. i think that apple is really having a problem right now in terms of their pipeline gett
i think, also, yes, we're a vibrant economy. we certainly are a strong economy. i think it's really unsustainable, the level of debt that we have in this country. we have $1 trillion in debt. i heard an incredibly succinct way of describing this. rick santelli actually said it this morning about how you can't say you're cutting $800 billion when really $80 billion is really from wars that are just going away. that's not really a cut. that's taking away the addition. i think you need to be...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens.
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a...
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. >>> we get a critical snapshot of the economy this morning. when we'll learn if hurricane sandy also devastated the nation's job market. >>> incredible
. >>> we get a critical snapshot of the economy this morning. when we'll learn if hurricane sandy also devastated the nation's job market. >>> incredible
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Dec 4, 2012
12/12
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we're in a different economy now. there aren't really mathematical formulas you can use to apply to it. it all depends on growth rates and growth rates often depend on confidence in the economy. so there are a few variables here that you can't account for. >> ali velshi, thank you. >> my pleasure. >>> internet security guru john mcafee in hiding wanted for questioning in belize in the death of his neighbor. martin savidge got the first on-camera interview with mcafee since he went on the run. an interview almost as bizarre as the story itself. that's next. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. i have a cold... i took
we're in a different economy now. there aren't really mathematical formulas you can use to apply to it. it all depends on growth rates and growth rates often depend on confidence in the economy. so there are a few variables here that you can't account for. >> ali velshi, thank you. >> my pleasure. >>> internet security guru john mcafee in hiding wanted for questioning in belize in the death of his neighbor. martin savidge got the first on-camera interview with mcafee since...
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Dec 4, 2012
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! thanks. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare.
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! thanks. when you take a closer look... ...at the best schools in the world... ...you see they all have something...
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Dec 2, 2012
12/12
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is the world economy prepared to deal with another oil shock? the answer is no. >> until we can develop alternative fuels for transportation, the world remains at the mercy of the oil markets. weaning ourselves off fossil fuels is a slow and expensive business. but there is a fossil fuel that is relatively cheap and also plenty full. natural gas. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. i got your campbell's chunky soup. mom? who's mom? i'm the giants mascot. the giants don't have a mascot! ohhh! eat up! new jammin jerk chicken soup has tasty pieces of chicken with rice and beans. hmmm. for giant hunger! thanks mom! see ya! whoaa...oops! mom? i'm ok. grandma? hi sweetie! she operates the h
is the world economy prepared to deal with another oil shock? the answer is no. >> until we can develop alternative fuels for transportation, the world remains at the mercy of the oil markets. weaning ourselves off fossil fuels is a slow and expensive business. but there is a fossil fuel that is relatively cheap and also plenty full. natural gas. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my...
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Dec 6, 2012
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-- have such a forceful impact on the economy. that is a political decision more than it's an economic discussion right now. >> peter, i'm going to give you the last word. >> it's really a political issue. this is not the right time to be cutting. maybe another six months. however, the president sees this as an opportunity to get the cuts in ways that he likes best because he won the election. fair enough. so the president sees a political opportunity. i think there's some danger here by not just renewing all these tax cuts and sitting down and talking about tax reform and spending cuts by midyear, that there's a real danger that we could tumble the economy. >> all right. peter, ali, thank you so much. we'll be waiting. obviously, days away to see what's going to happen here. thank you. >>> one of the most staunchly conservative members of the u.s. senate calling it quits. senator jim diment announced he will resign from congress at the end of the month. he is leaving to take over the think tank the heritage foundation. he says he
-- have such a forceful impact on the economy. that is a political decision more than it's an economic discussion right now. >> peter, i'm going to give you the last word. >> it's really a political issue. this is not the right time to be cutting. maybe another six months. however, the president sees this as an opportunity to get the cuts in ways that he likes best because he won the election. fair enough. so the president sees a political opportunity. i think there's some danger...
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Dec 7, 2012
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economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives have a bill that would extend the middle class tax cuts right away that has passed the senate that they could take up next week when we come back. they could have already taken it up. we have a lot of time, and the republicans refuse to give certainty to the middle class. the president said he'd seen this bill right away, and then the rest of the issues we need to sort out we can hash out over the next few weeks before we reach december 31st. >> issues like entitlement reform? >> well, issues like making
economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the...
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it is part of what we need to succeed in this global economy. and i'm going to fight for every young person is willing to work hard to get an education. gerri: shold everyone have a college degree? >> if i was the president, i think you might has well said let me be clear. every student should start with 30,000 dollars of debt and maybe a bankruptcy. it's absolutely asinine. the current system we have in place is nothing short of immoral. we are putting students that it is economically imperative for them to get an education, but then we are putting them in that situation a situation was. not only are there no jobs, starting with 30,000 dollars of debt is not a way to start your life. gerri: let's get marked in him. i'm going to give you more time. we would like to get more time. mark, is it asinine to these kids start their lves with so much debt and give it to everybody? >> well, college benefits -- the students who have college degrees earn 70 to 80% modents e degrees earn 70 to 80% more. the federal government gets twice as much federal inco
it is part of what we need to succeed in this global economy. and i'm going to fight for every young person is willing to work hard to get an education. gerri: shold everyone have a college degree? >> if i was the president, i think you might has well said let me be clear. every student should start with 30,000 dollars of debt and maybe a bankruptcy. it's absolutely asinine. the current system we have in place is nothing short of immoral. we are putting students that it is economically...
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not a pro on the economy. i think we need to invest and there's a sweet spot comes up in infrastructure in particular that offers a real opportunity. >> jay, my question. as far as when you talk about that sweet spot, if we're going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage cycle. we're far from that. the needs are clear. ports, roads, transport rail and plus protection against extreme weather. on the other side demand. the demand for infrastructure investments isle comin
not a pro on the economy. i think we need to invest and there's a sweet spot comes up in infrastructure in particular that offers a real opportunity. >> jay, my question. as far as when you talk about that sweet spot, if we're going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you...
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Dec 1, 2012
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consumer spending is a big driver of the economy, but don't let all the hype ruin your personal economy. be smart about your money, it will make you rich and probably much happier than any holiday gift. >>> coming up, we're walking a financial tight rope. this calls for a serious balancing act and if congress stumbles, we're the ones who fall down. i'll rant on that after the break. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ it's called passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. so does aarp, serving americans 50 and over for generations. so it's no surprise millions have chosen an aarp dicare supplement insurance plan, insured by
consumer spending is a big driver of the economy, but don't let all the hype ruin your personal economy. be smart about your money, it will make you rich and probably much happier than any holiday gift. >>> coming up, we're walking a financial tight rope. this calls for a serious balancing act and if congress stumbles, we're the ones who fall down. i'll rant on that after the break. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than...
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Dec 2, 2012
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it's the economy at heart. according to leading daily only 57% of national taxes paid by catalon is returned. the lest is filtered to spain. the scotts believe that breaking away now would rid them of london's us a tausterity plans. they are careful to calculate the costs and benefits. last year scotts were polled on how they view independence. if independence made them worse off the results flipped. 500 pounds the only about 800 u.s. dollars. adam smith, a scott, if we apply that logic in america states could point out they subsidize states like alabama, mississippi and montana. states that are the most fervent advocate of states rights and small government. we'll take you to one of africa's most trouble ed nation next. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never bee
it's the economy at heart. according to leading daily only 57% of national taxes paid by catalon is returned. the lest is filtered to spain. the scotts believe that breaking away now would rid them of london's us a tausterity plans. they are careful to calculate the costs and benefits. last year scotts were polled on how they view independence. if independence made them worse off the results flipped. 500 pounds the only about 800 u.s. dollars. adam smith, a scott, if we apply that logic in...
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. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk about taking a softer line on immigration the day after republicans in the senate refused to ratify a treaty on discrimination against disabled people. those are two different courses for the republican party and i see one thing that strikes me, you have george w. bush here, robert dole, another former presidential nominee on the floor of the state. the party is moving on. these are not the most powerful voices in the party. the speeches we heard yesterday from marco rubio and paul ryan are i think more influential when trying to look at where is the republican party going to go. >> and, in
. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk...
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look at europe's economy down the road. 11.7% unemployment. that is another record high in the month of october. breaking that down, it is 18.7 million people out of work across the 17 eu countries that use the euro. spain and greece have the highest jobless rates. 25% is the unemployment rate in spain and greece with youth unemployment levels, look at this, almost 60% in spain and greece. bill: good luck with that, huh? what a future. debate now underway on capitol hill where the house is set to vote on the republican immigration reform bill. if it passes the stem act would get rid of the lottery system and reallocate 55,000 green cards that people with advanced degrease with science and engineering. doug mckelway live on the hill with the story this morning. this bill failed in september. why are republicans bringing it back now? >> reporter: bill, it failed back in september because it was brought up under suspension rules which requires 2/3 majority so it failed. it is coming back today under normal house rules which require simple majorit
look at europe's economy down the road. 11.7% unemployment. that is another record high in the month of october. breaking that down, it is 18.7 million people out of work across the 17 eu countries that use the euro. spain and greece have the highest jobless rates. 25% is the unemployment rate in spain and greece with youth unemployment levels, look at this, almost 60% in spain and greece. bill: good luck with that, huh? what a future. debate now underway on capitol hill where the house is set...
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>> it will challenge this economy. it will challenge this economy to keep its head above water. this is not the kind of economy that can handle a shock to the system. believe me, those tax hikes are going to be a shock. forget the fiscal cliff stuff. what we know is coming, already will be a hock to the system. you lay that are with even more draconian tax hikes, more regulations and this war on business that i've been seeing, it's not going to be that great. >> you register surprise like i go when the 7.7% number came in. but we've got to find out, did the labor force shrink? that's the key to understanding the rate -- >> lot of economic data, the headlines look good. when you dig, it's been disappointing. >> let me conclude, that we have it, 7.7%, the unemployment rate in november. 146,000 jobs created. that's it for this fox business special report. we'll continue the coverage throughout the day. now back to our regular programming. >> steve: all right. thank you very much. it's interesting what peter barns said from washington and that was that in the two months running up t
>> it will challenge this economy. it will challenge this economy to keep its head above water. this is not the kind of economy that can handle a shock to the system. believe me, those tax hikes are going to be a shock. forget the fiscal cliff stuff. what we know is coming, already will be a hock to the system. you lay that are with even more draconian tax hikes, more regulations and this war on business that i've been seeing, it's not going to be that great. >> you register...